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Real-estate investment firm LNR Partners has acquired the Radisson Paper Valley Hotel in Appleton, Wis., for $17.8 million. The property, which entered receivership in June, was sold at a sheriff's auction.

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The owners of the Chicago Cubs Major League Baseball team, in partnership with Starwood Hotels & Resorts Worldwide, have proposed building a boutique hotel next to the Wrigley Field ballpark in Chicago. The proposal comes as the family is working on a multimillion-dollar renovation project on the park and its surrounding area.

The Planning Board of Boulder, Colo., has conditionally approved a redevelopment project that includes two hotels and a commercial property. A 38,375-square-foot commercial structure, a 184-room full-service hotel and a 177-room select-service property are planned for a site that now houses a hotel and a retail store.

A hotel's reputation is tied to the experience that its guests receive from check-in to departure and how the property's personality is displayed in every service, Alan Campbell writes. "Your hotel needs to provide its guests with an almost storybook quality to it that guests can experience almost from the moment they book a room or approach the front entrance, a storybook experience, if you will, that guests will not only enjoy, but enjoy it enough to think it worthwhile to share with their friends and others."

A tax appeals court judge in Hawaii has ruled that more than $2.7 billion in hotel sales made by online travel firms including Orbitz, Expedia and Travelocity since 2000 are taxable under the state's general excise sales-tax law. The judge has ordered the OTAs to pay about $110 million in overdue general excise tax as well as $40 million in interest.

Boutique properties Alex Hotel and the Flatotel in New York City face foreclosure after a judge gave an investment group permission for the move. The properties owe the group -- which includes Rockpoint Group, Atlas Capital Group and Procaccianti Group -- more than $300 million and were put into receivership in 2011 for developers' failure to pay real-estate taxes and mortgage payments.